News | Latest Breaking News Stories & Headlines

Apple crushes expectations as iPhone sales soar

Apple has reported sales and profit that far surpassed expectations, showing that its efforts to re-route its sprawling global supply chain away from US President Donald Trump's trade war have so far succeeded.

Business • 01 Aug

Apple CEO Tim Cook is reported to have met US President Donald Trump last week

Apple plans Texas factory for AI servers, 20,000 jobs

Apple said today it plans to help bring online a quarter-million-square-foot factory in Texas by 2026 to build artificial intelligence servers and will add about 20,000 research and development jobs across the US.

Business • 24 Feb

Apple is expected to launch what analysts have called the biggest software upgrade for the iPhone this autumn

Apple pins hopes on AI for iPhone upgrades

Apple said its third-quarter iPhone sales were better than expected and forecast more gains as it bets on artificial intelligence to attract buyers, even as its overall China business disappointed.

Business • 02 Aug 24

Apple's shipments in China had increased by 12% in March, marking a significant improvement from the first two months of 2024

Apple's iPhone sales in China jump 52% in April

Apple's smartphone shipments in China rose 52% in April from a year ago, extending a rebound seen in March, according to data from a research firm affiliated the Chinese government.

Business • 28 May 24

Apple announces record $110 billion buyback

Apple's quarterly results and forecast beat modest expectations last night, as the iPhone maker unveiled a record share buyback programme, sending its stock up 6% in extended trade.

Business • 03 May 24

The lawsuit claims Apple CEO Tim Cook mislead shareholders over falling demand from Chinese consumers

Apple to settle class action over Cook's China comments

Apple has reached a $490m settlement to resolve a class-action lawsuit that alleged CEO Tim Cook defrauded shareholders by concealing falling demand for iPhones in China.

Business • 15 Mar 24

Apple CEO Tim Cook said iPhone sales there were down 'mid-single digits' in the key Christmas period

Apple's iPhone target billions short of Wall Street

Apple has forecast a drop in iPhone sales and targeted overall revenue $6 billion below Wall Street expectations as its China business took a hit.

Business • 02 Feb 24

Apple CEO Tim Cook still owns about 3.3 million shares in the tech company after the recent sale

Apple CEO Cook makes $41m from latest stock sale

Apple chief executive Tim Cook made $41.5m after taxes in his biggest share sale in two years, a US securities filing showed.

Business • 04 Oct 23

Apple posts weaker than expected quarterly iPhone sales

Apple has forecast that a sales slump would continue into the current quarter, sending shares down despite beating Wall Street sales and profit targets in the fiscal third quarter.

Business • 04 Aug 23

Apple CEO Tim Cook has opened the first Apple store in India today

Apple opens first India store as fans gather

About 300 people queued at Apple's store in Mumbai today, as fans took selfies with chief executive Tim Cook, who inaugurated the first retail store run by the tech giant in India, underscoring the importance of its market.

Business • 18 Apr 23

Apple sales fell 5% to $117.2 billion and were down in every part of the world in the latest quarter

Apple forecasts another drop in revenue

Apple has forecast that revenue would fall for a second quarter in a row but that iPhone sales were likely to improve as production had returned to normal in China after Covid-related shutdowns.

Business • 07 Feb 23

Apple's overall fiscal Q2 revenue was $97.3 billion, up 8.6% from last year and higher than analysts' average estimate of $93.89 billion

Apple sees bigger supply problems after strong start

Apple has forecast bigger problems as Covid-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion.

Business • 29 Apr 22

Apple in Cork: Pivotal dates in its 40 years

In any history, certain dates are going to stand out. And in the case of Apple's 40 years in Cork and in Ireland, some of those dates are pivotal.

Ireland • 22 Nov 20

Apple shares rose 5% in extended trading on Wall Street after the forecast beating results

Apple delivers strong earnings but new iPhones delayed

Apple tonight delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the Covid-19 pandemic turned to its products and services.

Business • 30 Jul 20

Tim Cook made the announcement during this year's virtual developer conference

Apple to move away from Intel chips for Mac computers

Apple is to switch to its own chips for its Mac computers, saying the first machines will ship this year and ending a nearly 15-year reliance on Intel to supply processors for its flagship laptops and desktop.

Business • 22 Jun 20

Apple CEO Tim Cook said it was impossible to forecast overall results for the current quarter because of uncertainty created by Covid-19

Apple's quarterly sales inch higher despite Covid-19

Apple last night reported sales and profits that beat Wall Street expectations, with chief executive Tim Cook saying China sales were "headed in the right direction" as that country reopens from the coronavirus.

Business • 01 May 20

Apple CEO Tim Cook at the launch of the company's latest smartphone, the iPhone X

Apple delivers best-ever quarterly results

Apple has posted record results for the final three months of last year delivered by gains in iPhone sales and as the company transitions to digital services and wearables.

Business • 29 Jan 20

Apple CEO Tim Cook is in Dublin today (Photo: RollingNews.ie)

Global corporate tax system must be overhauled - Cook

Everyone knows that the global corporate tax system needs to be overhauled, Apple's chief executive Tim Cook said today, backing changes to global rules that are currently under consideration.

Business • 20 Jan 20

Apple's chief executive Tim Cook will be in Ireland later this month

Apple CEO Tim Cook to receive Irish award

Apple chief executive Tim Cook will receive an award in Dublin on January 20 in recognition of the iPhone maker's 40 years of investment in Ireland, Bloomberg reports.

Business • 09 Jan 20

Apple is to commit $2.5 billion over the next two years to help address the shortage of affordable housing in California and reduce homelessness

Apple offers $2.5 billion for California housing crisis

Apple said today it would commit $2.5 billion over the next two years to help address the shortage of affordable housing in California and reduce homelessness.

Business • 04 Nov 19

The full extent of the slump in iPhone sales was not clear because Apple for the first time stopped reporting unit sales

Apple profit stable as service gains offset iPhone drop

Apple said last night that its profits held steady in the most recent quarter, with revenue growth in music, movies, apps and other services offsetting slumping iPhone sales.

Business • 30 Jan 19

Apple chief executive Tim Cook said the firm's sales problems were primarily in its Greater China region

Apple cuts sales forecast as China sales weaken

Apple has cut its revenue outlook for the latest quarter, citing steeper-than-expected "economic deceleration" in China and emerging markets.

Business • 03 Jan 19

Tim Cook is due to open an extension to the Apple facility in Cork tomorrow

Taoiseach holds meeting with Apple CEO Tim Cook

Taoiseach Leo Varadkar has had what has been described as a "regular" meeting with Tim Cook, the CEO of Apple.

Politics • 19 Jun 18

Apple first announced plans for the data centre at Derrydonnell Woods near Athenry in February 2015

Apple scraps plans for Athenry data centre

Apple has said that it is not going to proceed with its data centre in Athenry, Co Galway, because of delays in the planning approval process.

Apple • 10 May 18

Apple reported a 25.3% rise in earnings to $13.8 billion for its second fiscal quarter

Apple reports higher profits, unveils big share buyback

Apple last night reported a jump in second-quarter earnings and announced a new $100 billion share buyback plan, although sales of iPhone smartphones narrowly missed expectations.

Business • 02 May 18